FinMin Lavrov suggests sanctions could make Russia more independent economically

FXStreet (Łódź) - Russian Foreign Minister Sergei Lavrov said on Monday that the sanctions imposed by the EU and US probably wouldn’t do harm to Russia’s economy, and could even increase the country’s independence.

He assured Moscow wouldn’t seek retaliation or make any hysterical moves in response to the sanctions.

Moreover, Lavrov expressed hope that OSCE monitors would be be positioned along the Russian -Ukrainian border and that "presumption of innocence" would be respected in the investigation of the Malaysia Airlines plane crash.

Earlier today Japan announced it would also impose sanctions against Russia by banning imports of products from Crimea and by freezing assets of people taking part in destabilizing Ukraine.

European stocks open the week higher

European stocks opened a tad firmer Monday, following 2 weeks of gains, as investors gear up for a week loaded with economic events.
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USD/JPY sidelining prevails – Commerzbank

In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair remains in a consolidative pattern...
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